Oh I agree, I just think that 5% level is unsustainable, just like the GCF 15 years ago. If the powers that be were actually interested in building longterm value, they'd invest in important infrastructure during low-% rate years
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There simply is not enough money to sustain higher interest rates. This is where Friedman's interest rate fallacy enters. Liquidity is a bigger variable than interest rates ayway since gov't is the largest debtor.